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Author: Hae Won (Henny) Jung
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
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Book Description
As is well-known, firms' innovative efforts can benefit from information about past implementations of similar technologies by other firms ("technological knowledge"). In this paper, we examine the effect of technological knowledge on agency problems. We present robust evidence that technological knowledge makes shareholder rights more valuable since it improves the ability of outsiders to effectively monitor managerial decisions. In addition, the announcement of stricter board independence standards due to the Sarbanes-Oxley Act of 2002 has a positive effect on the value of weakly governed firms only when these firms operate better-known technologies. Firms with better-known technologies are more likely to experience performance-induced monitoring interventions such as performance-based CEO turnover and proxy fights. Overall, our evidence suggests that, in a knowledge economy, strong governance is an ever more important source of shareholder value.
Author: Hae Won (Henny) Jung
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
Get Book Here
Book Description
As is well-known, firms' innovative efforts can benefit from information about past implementations of similar technologies by other firms ("technological knowledge"). In this paper, we examine the effect of technological knowledge on agency problems. We present robust evidence that technological knowledge makes shareholder rights more valuable since it improves the ability of outsiders to effectively monitor managerial decisions. In addition, the announcement of stricter board independence standards due to the Sarbanes-Oxley Act of 2002 has a positive effect on the value of weakly governed firms only when these firms operate better-known technologies. Firms with better-known technologies are more likely to experience performance-induced monitoring interventions such as performance-based CEO turnover and proxy fights. Overall, our evidence suggests that, in a knowledge economy, strong governance is an ever more important source of shareholder value.
Author: Godwin, Andrew
Publisher: Edward Elgar Publishing
ISBN: 1800377169
Category : Law
Languages : en
Pages : 368
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Book Description
In light of the overwhelming impact of technology on modern life, this thought-provoking book critically analyses the interaction of innovation, technology and corporate law. It highlights the impact of artificial intelligence and distributed ledgers on corporate governance and form, examining the extent to which technology may enhance or displace conventional theories and practices concerning corporate governance and regulation. Expert contributors from multiple jurisdictions identify themes and challenges that transcend national boundaries and confront the international community as a whole.
Author: Wim Van Grembergen
Publisher: IGI Global
ISBN: 1591401410
Category : Business & Economics
Languages : en
Pages : 390
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Book Description
The advent of the Information Society is marked by the explosive penetration of information technologies in all aspects of life and by a related fundamental transformation in every form of the organization. Researchers, business people and policy makers have recognized the importance of addressing technological, economic and social impacts in conjunction. For example, the rise and fall of the dot-com hype depended a lot on the strength of the business model, on the technological capabilities available to firms and on the readiness of the society and economy at large sustain a new breed of business activity. However, it is notoriously difficult to examine the cross-impacts of social, economic and technological aspects of the Information Society. This kind of work requires multidisciplinary work and collaboration on a wide range of skills. Social and Economic Transformation in the Digital Era addresses this challenge by assembling the latest thinking of leading researchers and policy makers. The book covers all key subject areas of the Information Society an presents innovative business models, case studies, normative theories and social explanations
Author: Christopher M. Bruner
Publisher: Oxford University Press
ISBN: 0197635172
Category : Law
Languages : en
Pages : 257
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Book Description
Introduction and overview -- Defining the corporation and Corporate Law -- Contextual drivers of difference -- Enduring controversies in Corporate Law -- The corporation as technology -- Corporate pathologies and corporate sustainability -- Re-calibrating governance : industry-by-industry approaches -- Re-imagining corporate accountability -- Conclusions.
Author: Cater-Steel, Aileen
Publisher: IGI Global
ISBN: 1605660094
Category : Computers
Languages : en
Pages : 495
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Book Description
Increasingly, information technology governance is being considered an integral part of corporate governance. There has been a rapid increase in awareness and adoption of IT governance as well as the desire to conform to national governance requirements to ensure that IT is aligned with the objectives of the organization. Information Technology Governance and Service Management: Frameworks and Adaptations provides an in-depth view into the critical contribution of IT service management to IT governance, and the strategic and tactical value provided by effective service management. A must-have resource for academics, students, and practitioners in fields affected by IT in organizations, this work gathers authoritative perspectives on the state of research on organizational challenges and benefits in current IT governance frameworks, adoption, and incorporation.
Author: Jean-Philippe Deschamps
Publisher: John Wiley & Sons
ISBN: 9781118588642
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
The business leader's guide to encouraging continuous innovation in any organization Innovation governance is a hot topic in the business world. In a fast-paced business environment, the ability of corporate leaders to build purpose, direction, and focus for innovation is more important than ever. In this book, the authors provide a framework for encouraging and focusing innovation by explaining what innovation governance is, the various models for governance and their advantages and disadvantages, how to assess and improve governance practices, and behavioral tactics for maximizing the effectiveness of governance. It offers guidance for everyone from the boardroom through senior management, illustrating effective governance models with real case studies from a range of companies in the United States and Europe. Addresses an important yet underappreciated skill for CEOs, board members, and top management Features real-world examples and case studies from a variety of business from around the world Written by an author team with hands-on experience in the subjects of innovation management, organizational learning, innovation leadership, organizational behavior, and individual leadership and teamwork Innovation governance is a sadly neglected topic in many organizations. This book offers vital guidance and real-world experience for building innovation into any business from the top down.
Author: Kuznetsov, Mikhail Yevgenievich
Publisher: IGI Global
ISBN: 1799820130
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
While corporate governance has been a successful concept throughout the centuries, it is in question whether this concept can remain sustainable in the digital era and during a time of technological and managerial disruption. Under the pressure of new economic, social, and ecologic challenges, it is vital to understand how this concept needs to transform. Challenges and Opportunities of Corporate Governance Transformation in the Digital Era is an essential reference source that discusses concepts, trends, and forecasts of corporate governance and examines its transformation under the pressure of new technologies and economic changes. Featuring research on topics such as corporate identity, e-commerce, and cost management, this book is ideally designed for corporate leaders, managers, executives, business professionals, consultants, professors, researchers, and students.
Author: Rodrigo Magalhães
Publisher: Edward Elgar Publishing
ISBN: 1845420705
Category : Business & Economics
Languages : en
Pages : 266
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Book Description
If you're looking for simple solutions and quick fixes, this book isn't for you. And if you are, you're going to find that they don't work anyway. So read this book. Magalhaes brings together insights from the fields of information systems, organisation studies, knowledge management, strategy and innovation, and synthesises them into a work designed to make you think and reflect deeply on why it is that information technology's impacts on organisations are full of opportunity and promise, and yet at the same time, full of surprises and unintended consequences - often leading to failure. Magalh.
Author: Steven De Haes
Publisher: Springer Nature
ISBN: 3030259188
Category : Computers
Languages : en
Pages : 204
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Book Description
This book integrates theoretical advances and empirical data on Enterprise Governance in Information Technology (EGIT) with practical applications based on numerous case examples. The third revised edition of Enterprise Governance of Information Technology provides professionals and students with the most recent research advancements as well as an in-depth discussion of the recently-introduced Control Objectives for Information and Related Technologies (COBIT) 2019 framework which can be used to facilitate a tailored implementation of effective EGIT. Furthermore, the book features a new chapter which provides readers with hands-on examples from practice and clear insights on how these relate to theory. At the forefront of the field, the authors of this volume draw from years of research and advising corporate clients to present a comprehensive resource on EGIT. Featuring a variety of elements, including executive summaries and sidebars, extensive references, questions and activities and additional online materials, this book is a valuable updated resource for professionals, students and researchers alike.
Author: Elias G. Carayannis
Publisher: Springer Science & Business Media
ISBN: 1461415519
Category : Political Science
Languages : en
Pages : 233
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Book Description
Over the past several decades, as the pace of globalization has accelerated, operational issues of international coordination have often been overlooked. For example, the global financial crisis that began in 2007 is attributed, in part, to a lack of regulatory oversight. As a result, supranational organizations, such as the G-20, the World Bank, and the International Monetary Fund, have prioritized strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international co-operation, and international financial institutions. Prevailing characteristics of the global economic systems, such as the increasing power of financial institutions, changes in the structure of global production, decline in the authority of nation-states over their national economy, and creation of global institutional setting, e.g., global governance have created the conditions for a naturally evolving process towards enabling national epistemic communities to create institutions that comply with global rules and regulations can control crises. In this context, transfer of technical knowledge from the larger organizations and its global epistemic communities to member communities is becoming a policy tool to “convince” participants in the international system to have similar ideas about which rules will govern their mutual participation. In the realm of finance and banking regulation, the primary focus is on transfer of specialized and procedural knowledge in technical domains (such as accounting procedures, payment systems, and corporate governance principles), thereby promoting institutional learning at national and local levels. In this volume, the authors provide in-depth analysis of initiatives to demonstrate how this type of knowledge generated at the international organization level, is codified into global standards, and disseminated to members, particularly in the developing world, where the legal and regulatory infrastructure is often lacking. They argue that despite the challenges, when a country intends to join the global system, its institutions and economic structures need to move toward the global norms. In so doing, they shed new light on the dynamics of knowledge transfer, financial regulation, economic development, with particular respect to supporting global standards and avoiding future crises.
